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BUSINESS COMBINATIONS AND EQUITY METHOD INVESTMENTS (Tables)

12 Months Ended

Dec. 28, 2024

BUSINESS COMBINATIONS AND EQUITY METHOD INVESTMENTS

Business acquisitions accounted for using purchase method

We completed the following business combinations in fiscal 2024 and 2023, which were accounted for using the purchase method (in thousands).

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​	​	​	​		Net		​
Company	Acquisition	​	Intangible		Tangible		Operating
Name	Date	Purchase Price	Assets		Assets		Segment
​	December 23, 2024	$29,830 consideration for 100% asset purchase	$	12,650	$	17,180	Packaging
C&L Wood Products (C&L)	Located in Hartselle, AL and founded in 1975, C&L is a manufacturer of quality pallets, mulch, and other wood products. The company had trailing 12-month sales of approximately $25 million through November 2024.
​	September 20, 2023	$52,841 consideration for 80% stock purchase, net of acquired cash	$	43,785	$	9,056	International
UFP Palets y Embalajes SL (UFP Palets)	Headquartered in Castellón, Spain, UFP Palets (formerly known as Palets Suller Group) is the market leader in machine-built wood pallets, serving the region's large ceramic tile industry. The company had trailing 12-month sales of approximately $38 million through August 2023.

Acquired Intangible Assets

The amounts assigned to major intangible classes for the business combinations mentioned above are as follows (in thousands):

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Non-

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Intangibles -

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Compete

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Customer

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Tax

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Agreements

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Technology

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Patents

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Relationships

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Tradename

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Goodwill

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Deductible

UFP Palets

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$

—

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$

—

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$

—

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$

36,708

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$

—

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$

7,077

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$

43,785

C&L

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—

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—

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—

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6,945

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—

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5,705

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12,650

X

- References

No definition available.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

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-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

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- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-1

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